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Argo, age 35, was severely injured in an auto accident. She is covered under her employer's preferred provider organization (PPO) plan. The plan has a $1000 calendar-year deductible, a 80/20 coinsurance, and an annual out-of-pocket limit of $3,000. As aresult of the accident, Margo incurred the following medical expenses: Cost of ambulance to the hospital $500 Hospital bill for a three-day stay $24,000 Surgery for a broken leg $ 5,000 Prescription drugs outside the hospital $300 Physical therapy for the broken leg $1200 In addition, Margo could not work for one month and lost $4000 in earnings. a. Based on the above, how much will Margo collect for her injury if she receives medical care from health care providers who are part of the PPO network? (Assume that all charges shown are the allowable or approved charges by the insurer and all providers are in the PPO network.) b. Assume that Margo's broken leg does not heal properly, and she needs another surgical operation. Margo would like a different surgeon with an outstanding professional reputation to perform the operation. The surgeon is not a member of the PPO network. Will Margo's plan pay for the surgery? Explain your answer.
A couple will retire in 40 years; they plan to spend about $39,000 a year in retirement, which should last about 20 years. They believe that they can earn 8% interest on retirement savings. If they make annual payments into a savings plan, how much w..
A resort hotel has total annual sales revenue of $1,000,000, variable costs of $350,000, and fixed costs of $570,000. The fixed costs include $80,000 a year for land rental lease. Calculate the hotel’s breakeven point. If the owners had an equity in..
What is the yield on a 7-year Treasury note?
Suburban Hospital has two options in how to purchase some EDP equipment with a list price of $5m. Option one is a 15% reduction in the price of the equipment but the hospital has to pay the full amount at the time of purchase. What if the opportunity..
Two years ago, you bought 200 shares of Stock XYY at $84.25 per share. During the first year, it paid a dividend of $.15 per quarter. During the second year, it paid a dividend of $.22 per quarter. If you sold it today at a price of $78.24, what is y..
The margin requirement on the S&P 500 futures contract is 8%, and the stock index is currently 1,400. Each contract has a multiplier of $250. How much margin must be put up for each contract sold?. What will be the investor's percentage return based ..
A stock is expected to pay a dividend of $1 per share in three months and another dividend of $1 per share in nine months. The stock price is $50 today, and the risk-free rate of interest is 5% per annum with continuous compounding for all maturities..
Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 million. The retained earnings balance at the end of 2011 was equal to $20 million.
What are the main types of tax-exempt money market funds? What is the beta coefficient for a firm?
Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. Assuming ..
Lohn Corporation is expected to pay the following dividends over the next four years: $8.01, $7.09, $3.99, and $1.34. Afterward, the company pledges to maintain a constant 1.8 percent growth rate in dividends forever. If the required return on the st..
All else constant, which of the following will increase the aftertax cost of debt for a firm? I. Increase in the yield to maturity of the firm's outstanding debt II. Decrease in the yield to maturity of the firm's outstanding debt III. Increase in th..
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